Carnitine Prices, Pricing, Demand & Supply
North America
The Carnitine market in North America encountered challenges during the fourth quarter of 2023, experiencing fluctuations in prices and supply due to several factors. Firstly, the market grappled with limited inventories, resulting in a constrained supply of Carnitine, primarily stemming from weakened trading activities with major exporting nations. Secondly, demand for Carnitine remained moderate throughout the quarter, driven by consistent consumption in the nutraceutical and healthcare sectors. Lastly, inflationary pressures and heightened transportation costs contributed to an overall increase in prices.
The strength of the dollar against currencies like the Chinese yuan led to higher import costs, further impacting Carnitine pricing. In the USA, the largest market in North America, Carnitine prices saw a marginal increase in the fourth quarter. Despite concerns surrounding inflation and elevated prices, consumers exhibited confidence in the US economy. The steady demand from end-users, particularly in the nutraceutical and healthcare industries, played a crucial role in maintaining price stability. Furthermore, effective inventory management practices ensured the availability of Carnitine.
Overall, the Carnitine Prices in North America faced challenges in the fourth quarter, characterized by limited supply, moderate demand, and inflationary pressures.
APAC
In the APAC region, the fourth quarter of 2023 saw a mixed market for Carnitine. The market was influenced by several factors throughout the quarter. Firstly, there was an increase in demand from the nutraceutical and healthcare sectors, driven by new inquiries and sales, which led to a slight increase in prices. Secondly, the overall market sentiment showed improvement compared to the previous quarter, with expanded supply and demand, improved logistics, increased purchasing volumes, and a heightened sense of optimism among manufacturers. This positive market sentiment contributed to the upward movement in prices. Additionally, China, being a major player in the Carnitine market, experienced a notable uptick in new orders from the domestic market, leading to a surge in demand and subsequently higher prices. In terms of price trends, there was a significant increase in prices compared to the same quarter of the previous year, with a percentage change of -23%. This can be attributed to the overall improvement in market conditions and increased demand. Furthermore, there was a substantial price increase of 72% from the previous quarter, reflecting the strong market momentum and heightened demand. In terms of price comparison within the quarter, there was a price percentage increase of 69% between the first and second halves of the quarter. This indicates a significant price movement within a short period, highlighting the fluctuating market dynamics. In China, the prices for Carnitine reached USD 20100/MT FOB Shanghai at the end of the quarter. This increase in price can be attributed to the surge in demand from both domestic and overseas markets, coupled with limited supply. Overall, the Carnitine market in the APAC region experienced a positive quarter, driven by increased demand and market improvements.
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Europe
In the fourth quarter of 2023, Carnitine pricing in Europe was influenced by various factors. Firstly, a scarcity of available stock in the market led to price increases. Additionally, high energy prices and transportation costs contributed to these price hikes. Despite these challenges, demand for Carnitine remained moderate, supported by easing inflationary pressures and increased consumer confidence. Germany, in particular, experienced significant impacts on prices. The country witnessed a decrease in inflation, reaching its lowest level since the onset of the Russia-Ukraine conflict. This decline in inflation bolstered consumer confidence and contributed to the uptick in Carnitine prices. One of the primary drivers was disruptions in the global supply chain of Carnitine, leading to limited availability. This scarcity prompted market players to raise prices to ensure profitability. Furthermore, decreased exports from China to the European Union also resulted in diminished inventories in the German market, further fueling the upward trajectory of Carnitine prices. Overall, market sentiments remained elevated due to consistent demand, limited supply, and sluggish imports in the domestic market.
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